Company Liquidation in Cambridge

Want to end trading and close down your
insolvent business?

Then a creditor’s voluntary liquidation will help you
achieve this outcome

Find out how you can close down your
company and avoid liability

Call us now 0800 331 7417

There are two
situations when ending your relationship as a director with your company. The
first is when you have the money to pay off your creditors. This is called a
Member’s Voluntary Liquidation (MVL) which allows you to realise all your
funds.

The second situation
is when you cannot afford to pay your creditors. In this situation the company
liquidation can be bought about through a Creditors' Voluntary Liquidation.
This dissolves your business and creditors are paid off through the sale of all
your assets.

No matter what event
leads to the need for a CVL, whether this be the failure to secure a large
order or terminal cash flow in the business, you are allowed to appoint your
own authority to manage the process of liquidation.

In such instances
McTear Williams & Wood is the ideal choice. With experience of managing
company liquidations for a large number of clients in different industries, we
will help you get the best result at this difficult time.

How can we help you?

Free
initial appointment
- in
the first instance we provide you with a consultation session to go
through all the implications and obligations necessary for a company
liquidation.

Review
options for business recovery
-
even if you are insolvent, there may still be routes by which you can
continue trading. We are able to help you understand how to close down
your company and buy it back.

Calling
a creditors meeting -
one
of the key steps in implementing a CVL is setting up a meeting with your
business’s creditors in order to pass the resolution to allow the
liquidation and to confirm the choice of liquidator.

Company
liquidation
-
during the liquidation process McTear Williams & Wood will manage the
sale of your assets, handle any legal matters and distribute funds to the
creditors amongst other key responsibilities.

Why should you act
now?

If you have been
declared insolvent it is likely that your company’s value is rapidly
depreciating. Through rapid action it is possible to ascertain the best price
whilst still retaining your customers. McTear Williams & Wood is able to
provide you with a quick resolution in such circumstances.

Why not find out how
a CVL could work for your business? Arrange a free company liquidation
consultation with McTear Williams & Wood in Cambridge and we’ll assist you
in understanding the full range of implications. Call us now on 0800 331 7417